40,206 Shares in Birkenstock Holding plc (NYSE:BIRK) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in Birkenstock Holding plc (NYSE:BIRK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,206 shares of the company’s stock, valued at approximately $2,188,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Birkenstock by 377.1% during the 2nd quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock valued at $36,000 after buying an additional 528 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Birkenstock during the first quarter valued at approximately $40,000. CWM LLC lifted its position in shares of Birkenstock by 358.2% during the first quarter. CWM LLC now owns 2,181 shares of the company’s stock worth $103,000 after purchasing an additional 1,705 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Birkenstock in the second quarter valued at $136,000. Finally, MSA Advisors LLC acquired a new stake in Birkenstock during the 2nd quarter valued at $223,000. 19.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BIRK has been the topic of several recent analyst reports. Bank of America upgraded Birkenstock from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $65.00 in a research note on Thursday, July 25th. Citigroup began coverage on Birkenstock in a research note on Monday, July 1st. They set a “buy” rating and a $65.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a research note on Tuesday, September 24th. Stifel Nicolaus increased their price objective on shares of Birkenstock from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Evercore ISI reissued an “outperform” rating and issued a $77.00 target price (up previously from $63.00) on shares of Birkenstock in a research report on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.23.

Birkenstock Trading Down 0.0 %

NYSE:BIRK opened at $47.44 on Friday. Birkenstock Holding plc has a 12-month low of $35.83 and a 12-month high of $64.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 1.49. The business has a 50 day simple moving average of $53.73 and a 200 day simple moving average of $51.60. The firm has a market capitalization of $8.91 billion and a P/E ratio of 58.68.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). The firm had revenue of $564.76 million for the quarter, compared to the consensus estimate of $628.70 million. Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. Equities research analysts predict that Birkenstock Holding plc will post 1.37 EPS for the current year.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.